Ethereum - Doesn't look good right now !
Made only 3 waves down and currently is up in 3 and is at the 161.8% projection of orange wave a from b and the 127.2% of (w) from (x).
This is an important Fib cluster that can react as resistance and the fact that we also have the 78.6% retracement level of the Diagonal doesn't help the bulls.
Therefore, unless we see a new high above 420, I recommend to be very cautious here or short if you like.
This is an important Fib cluster that can react as resistance and the fact that we also have the 78.6% retracement level of the Diagonal doesn't help the bulls.
Therefore, unless we see a new high above 420, I recommend to be very cautious here or short if you like.
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
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